BIC2 definition
Examples of BIC2 in a sentence
MTN agrees that, prior to the BIC2 Discharge Date, notwithstanding anything to the contrary contained herein, unless the New Preference Share Agent otherwise permits in writing, it may only cede and/or delegate its rights and/or obligations under this Agreement to an MTN Acceded Nominee.
BIC2 acknowledges that it has not received or relied on any representations from any other person and, as an irrevocable stipulatio ▇▇▇▇▇▇ in favour of such persons (which may be accepted at any time and without further notice to BIC2), waives any claims which it has or may have in respect thereof.
Save for the rights accorded to BIC2 under this Agreement, BIC2 hereby waives and/or limits to the full extent permitted by law its rights in respect of all warranties and/or other remedies which may arise or be implied or imposed by law in respect of the transactions under this Agreement.
Each of the BIC2 Shareholders agrees to give such authorisations and consents, and pass such resolutions, as may be necessary to enter into, approve and/or implement any such agreement reached between MTN and BIC2.
The NVF Call Option shall endure for the entire BIC2 Empowerment Compliance Period (ie.
In the event of the termination of the aforesaid limited licence, BIC2 shall immediately cease all direct or indirect uses thereof, or any part thereof, and shall inter alia accordingly remove such name from any signage and cease to use it on any communication materials and other corporate documents.
Such share certificates shall only be released, if necessary, for the purpose of implementing any transfer permitted in terms of this Agreement and/or the BIC2 Constitutional Documents on the basis that once such transfer is implemented, all share certificates resulting from such transfer are retained and held by the Custodian.
BIC2 acknowledges and agrees that it relies entirely on its own judgment in subscribing for the MTN Tranche 1 Subscription Shares.